Both sides really need to know what they are doing, and that depends on the jurisdiction.
For example, if you were a UK resident 'employed' by a foreign company you would likely still be deemed a "worker", not "self-employed", subject to minimum wage and statutory annual leave unless the contract is very specific on paper and in facts, and it is unlikely that the employer really wants a "self-employed" contractor.
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[ 3.0 ms ] story [ 26.2 ms ] threadFor example, if you were a UK resident 'employed' by a foreign company you would likely still be deemed a "worker", not "self-employed", subject to minimum wage and statutory annual leave unless the contract is very specific on paper and in facts, and it is unlikely that the employer really wants a "self-employed" contractor.
This is indeed very dependent on the jurisdiction and that's why both employers and employees need to understand the law on both sides.